Is It Too Late to Buy KAIA? Kaia Price Soars 35% To Hit $2B Market Cap And This Might Be the Next Crypto to Explode

The Kaia price surged 35% in the last 24 hours to trade at $0.3597 as of 3.50 a.m. EST on trading volume that skyrocketed 175% to $632.3 million.

While the KAIA price surged quite a bit in the last day, its weekly performance is even more impressive, taking its price up by 96%.

Kaia saw quite a lot of good news over the last week, from a new listing on HashKey Exchange announced on November 28, to new additions to its network such as the USDa, also known as the Bitcoin Money.

CapybaraDEX, a decentralized exchange on Kaia Chain, also recently announced passing $111 million in total trading volume, and on top of that Kaia’s block explorer, KaiaScan, also got a new update, as announced earlier today.

In other words, the project seems to be doing rather well, and the development of its ecosystem is progressing strongly, which is the foundation for a solid price growth of any crypto.  The project’s market capitalization now stands at a little over $2 billion.

Kaia Price Prediction

The KAIA price saw a minor correction over the last few hours after being rejected from a resistance level at $0.40, as mentioned, but while its price is currently on the decline, there are signs that it might bounce back in the next few hours.

The coin’s Bollinger bands have seen a narrowing after its price rejection, but as the price declined, they started widening again, which suggests that a trend reversal might be coming. Right now, the price is pushing the lower band further down, although a support at $0.35 could stop the decline and allow it to bounce back up.

Kaia Price Prediction

Meanwhile, the project’s Relative Strength Index (RSI) value has dropped sharply in the last 24 hours from the overbought zone to the oversold area. This suggests that the sell-off might be nearly over and that traders might start buying again soon and pumping the coin’s price back up.

Given the fact that the rest of the crypto industry is currently struggling with another bearish wave, however, a recovery is not a certainty, and anyone interested in buying KAIA should be careful and do their research first.

During volatile times, prices tend to move unexpectedly, and even when technical indicators hint that something is likely to happen, it doesn’t necessarily mean that things will unfold as expected.

Promising Alternative To Kaia

So far, the Kaia price has performed well, but with it hitting a major resistance and the bearish wave finally catching up to it, it might be time for traders and investors to consider a promising alternative like Crypto All-Stars (STARS).

Crypto All-Stars is a new meme coin that has been on presale over the past few months. The project’s ICO was very successful, as it attracted attention thanks to a unique new staking platform called MemeVault.

Unlike most staking smart contracts, which only let you stake a single cryptocurrency, MemeVault supports multiple coins. MemeVault supports as many as 12 cryptocurrencies, with more expected to be added after the ICO ends.

Right now, you can stake Dogecoin, Pepe, Floki, Shiba Inu, Brett, Coq Inu, Turbo, Milady, Toshi The Cat, Bonk, and Mog Coin. So, those who have large meme coin portfolios — which includes a lot of investors — can now stake their cryptos all in one place, rather than having to do one crypto per contract.  And STARS tokens themselves can be staked for a huge 269% annual return.

This makes Crypto All-Stars extremely convenient and practical, and it allows it to position itself as the center of meme coin staking. The interest in its product brought a lot of interest in its ICO as well, allowing it to raise over $7.94 million as of December 3.

What’s more, the ICO is still ongoing, selling the token for only $0.0016648 apiece. It will continue to run for another 17 days, concluding on December 20.

There is a lot of excitement about the upcoming launch, and crypto YouTuber ClayBro, who has over 132k subscribers, suggests STARS could be the next 10x cryptocurrency.

Visit STARS here.

Related Articles:

  • Crypto All-Stars Zooms Past $7.5 Million, Only 18 Days Left
  • Ripple Token Surges 9% As PEPU Raises $22M In A Week
  • Best ERC-20 Tokens to Buy in 2024

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